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Location: Central Bank of Bahrain Volume 3—Insurance > Part A > High Level Standards > GR General Requirements > GR-6 Close Links > GR-6.2 Definition of Close Links
  • GR-6.2 Definition of Close Links

    • GR-6.2.1

      An insurance licenseeG ('A') has close links with another undertaking ('C'), if:

      (a) C is a parent undertakingG of A;
      (b) C is a subsidiaryG of A;
      (c) C is a parent undertakingG of a subsidiaryG of A;
      (d) C is a subsidiaryG of a parent undertakingG of A;
      (e) C owns or controls 20% or more of the voting rights or capital of A; or
      (f) A, any of its parentG or subsidiariesG , or any of the subsidiariesG of its parentG , owns or controls 20% or more of the voting rights or capital of C.
      Amended: July 2007
      Amended: October 2007

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